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FBLA Intro to Financial Math Test
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FBLA Intro to Financial Math Test
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25 Questions

1. You pay your credit card bill. This transaction requires you to
2. A new outlet mall that has 102 store plans to increase its size by 15 percent next year. How many new stores are planned for next year?
3. Net sales
4. Your stock shows +3/4. What has happened for each share of stock?
5. A new television costs $425.50 with sales tax. Customers can take 24 months to pay the price calculated using simple interest of 6%. What will be the monthly payments?
6. Which of the following is not an example of a rational number?
7. Your corporate business credit card allows you to give a 20% tip for meals. Your lunch in NYC costs $38.50. What is the maximum tip you can leave for this tab?
8. The numerical descriptive measure of a population is called
9. The ______ lists payments and deposits processed by the bank during a month and the balance of your checking account according to the bank.
10. You own 500 acres of land. Current land prices are $2,000 per acre and the property tax rate is 4.5%. What is your property tax bill?
11. Logan earns $10 per hour and works 40 hours per week. He earns 6% commission on all sales. There are four weeks in a month and Logan sold $40,000 of merchandise during the month. How much did Logan earn for the month?
12. Your favorite football team has scored 42, 24, 35, and 28 points in its first four games. What is the average scoring capability of your team?
13. A student has a 40% attendance record for class that meets 5 times per week for 36 weeks. How many days will they attend class during the 36 weeks?
14. Five batteries cost $6.98. What is the cost per battery to the nearest one hundredth?
15. Purchase of big items like homes and automobiles are usually finance with
16. All of the following are examples of employee benefits except
17. The financial statement that includes revenue and expenses is the
18. Bill signed a promissory note on May 1, 2014 for $2,225 payable in 90 days. The interest rate on the note is 8%. One what day is the note due?
19. You empty your piggy bank. You have 33 quarters, 6 half dollars, 82 dimes, 67 nickels, and 55 pennies. How much money do you have?
20. You receive a trade discount of 15% for making a large order. Your order totals $1350.00. How much will you pay?
21. A can of soda has 12.5 ounces. How many ounces are in a twelve pack of this soda?
22. The answer in a division problem is the
23. The equation for simple interest is
24. The person authorized to write checks is the
25. Calculate current ratio by